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Symbol
AIX
Latest
$0.03 +0.00
Volume
2,200
Quote Delayed
Up To 15 Minutes

News Release

Alix Announces Closing Of Third Tranche Of Private Placement

 

ALIX ANNOUNCES CLOSING OF THIRD TRANCHE OF PRIVATE PLACEMENT
 
January 13, 2009, VANCOUVER, B.C. ALIX RESOURCES CORP. (“Alix” or the "Company”) (AIX-TSX:V)(37N – FRANKFURT) is pleased to announce the closing of the third tranche of its private placement (the "Private Placement") announced in news releases dated September 26 and November 14, 2008. Pursuant to the third tranche of the Private Placement, the Company issued 3,520,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $176,000. Each Unit is comprised of one common share (a "Share") of the Company and one common share purchase warrant (a "Warrant").

Each Warrant will entitle the holder to purchase one Share of the Company for a period of two years from the date of issuance at a price of $0.08 per Share in the first year and at a price of $0.10 per Share in the second year.

Finders' fees consisting of 251,000 broker warrants (the "Broker Warrants") and $12,550 in cash were paid in accordance with the policies of the TSX Venture Exchange. Each Broker Warrant will entitle the holder to purchase one Share of the Company for a period of two years from the date of issuance at a price of $0.08 per Share in the first year and at a price of $0.10 per Share in the second year.

All securities issued pursuant to the private placement are subject to a hold period expiring on May 13, 2009.

Alix Resources is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all our stakeholders. For further information we invite you to visit us at www.alixresources.com.
 
ON BEHALF OF THE BOARD
 

___________________________
Michael England, President
 
Investor Relations Contact:
Matthew Brema
Contact Financial Corporation
604-689-7422
 
 
The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

 

Contact Alix

Local
604-683-3995
Toll-Free
1-888-945-4770
Fax
604-683-3988
Email
info@alixresources.com